School Notes
Date posted: Jun 08, 2022
Rent, or Everything Else?
Newton Centre restaurant Ellana’s Kitchen closed after the landlord sold the property and the owners were unable to afford to buy the space for themselves. Small businesses almost always have to rent space, Business Law and Society Senior Lecturer Edward Chazen told The Boston Globe. If they tie up money in real estate, they lack the capital for other essential expenses like inventory and hiring workers.